NOTICE OF BALLOT TITLE RECEIPT

NOTICE OF BALLOT TITLE RECEIPT Notice is hereby given that the City Recorder/Elections Officer of Newberg has received a petition for referendum from Chief Petitioner Bill Rosacker to seek voter approval to refer approval of Urban Renewal Plan as set by Ordinance 2022-2896. The City Recorder has determined that the proposal contains only one subject, as required by Section 1(2) (d), Article IV of the Oregon Constitution. Notice is further given that the Newberg City Attorney has submitted the following: BALLOT TITLE Referendum on Ordinance Approving the Newberg Urban Renewal Plan QUESTION: Shall the City approve the Newberg Urban Renewal Plan to encourage development downtown and in the Riverfront District? SUMMARY: On April 18, 2022, City Council adopted Ordinance No. 2022-2896 which approved the Newberg Urban Renewal Plan. The general purpose of the Plan is to encourage and incentivize development downtown and in the Riverfront District compatible with the City Comprehensive Plan and adopted master plans for these areas. The Plan authorizes the City’s urban renewal agency to construct transportation facilities, trails, utilities, parking, and other improvements, and acquire property. The agency plans to fund these projects using tax increment financing as authorized by state law. Tax increment funds come from the division of property tax revenues that result from growth in assessed value within the Plan boundary over the 30-year life of the Plan. The Plan does not directly impose any new taxes. Tax increment funds may only be used for projects described in the Plan and only within the Plan boundary. An affirmative vote on this measure would approve the adoption of Ordinance No. 2022-2896, which approved the Newberg Urban Renewal Plan. Published May 4, 2022. NG241073

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